Business Models for Diversification into Healthcare

  • ID: 3629083
  • Report
  • Region: Global
  • 71 Pages
  • Frost & Sullivan
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Focus of Business Models Expanding from Chemicals and Materials to Healthcare

FEATURED COMPANIES

  • 3M
  • Ajinomoto Co., Inc
  • Asahi Kasei Corporation
  • BASF
  • Bayer
  • The Dow Chemical Company
  • MORE
Successful healthcare business models have evolved to increasingly focus on building customer excellence - both product and processes are important for a company’s business model to be successful. While a product provides the base, the process becomes very important for the good execution of the product and also to provide value to customers for repeat business. The objective of the research service is to identify business models which have been used by leading companies globally to successfully enter healthcare. The companies that have had chemicals, materials, and related industries as their core business have been analysed in this study.

Key Findings:

- Successful healthcare business models have evolved to increasingly focus on building customer excellence - both product and process are important for companies’ business models to be successful. While a product provides the base, the process is also very important for good execution of the product and to provide value to customers for repeat business.

- Healthcare markets are more stable and tend to compensate for business cycle fluctuations; hence, they provide companies opportunities for diversification.

- Healthcare markets are more resilient and a number of companies have experienced growth (both top and bottom line) during recession.

- Diversification into healthcare is an important strategic move for companies to ensure business sustainability - all diversified companies have expanded into healthcare, as their core markets were getting saturated or commoditised.

- Investing in healthcare is further justified, as it can enhance lives of people. It also allows the companies to move up the value chain and use their core strengths to develop in an adjacent industry.

- The role of a brand in healthcare diversification is another very important aspect. Brand strategy plays a critical role in determining the success and future direction of a company’s diversified healthcare business.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Ajinomoto Co., Inc
  • Asahi Kasei Corporation
  • BASF
  • Bayer
  • The Dow Chemical Company
  • MORE
1. Executive Summary
  • Key Findings
2. Scope, Segmentation, and Research Methodology
  • Project Scope and Segmentation
  • Research Methodology
3. Key Findings and Analysis
  • Diversification into Healthcare - Key to Sustainability
  • Key Challenges Faced by Companies in or Venturing into the Healthcare Industry
  • Essential Requirements for a Successful Healthcare Business Met by the Companies Studied
  • Increasing Focus of Business Models on Building Customer Excellence
  • Role of a Brand in Healthcare Diversification
  • Other Key Success Factors That Have Added Value to Companies Venturing into Healthcare
  • Examples of Identified Successful Business Models in Healthcare
4. Business Model Canvas
  • 3M Company Profile
  • Ajinomoto Co., Inc Company Profile
  • Asahi Kasei Corporation Company Profile
  • BASF Company Profile
  • Bayer Company Profile
  • Mitsubishi Chemical Holdings Corporation Company Profile
  • Sumitomo Chemical Co., Ltd Company Profile
  • Toray Industries, Inc Company Profile
  • The Dow Chemical Company Company Profile
  • Questions to Consider while Developing the Business Model and Product Value Proposition
Appendix I IIlustration of Business Models
  • The Business Model
  • Components of Business Model Canvas Analysed in Healthcare Business Models
Appendix II Insights into the Healthcare Industry: What makes it tick
  • Introduction to the Healthcare Industry
  • Unique Characteristics of the Healthcare Industry
  • Megatrends Impacting the Entire Spectrum of Care
  • Key Drivers in the Healthcare Industry
  • Key Challenges in the Healthcare Industry
  • Healthcare Value Chain
  • Pharmaceuticals - Key Participants
  • Medical Devices - Key Participants
  • Upcoming Participants in the Healthcare Industry
  • Recent Participants in the Healthcare Industry
  • Legal Disclaimer
Note: Product cover images may vary from those shown
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- 3M
- Ajinomoto Co., Inc
- Asahi Kasei Corporation
- BASF
- Bayer
- Mitsubishi Chemical Holdings Corporation
- Sumitomo Chemical Co., Ltd
- The Dow Chemical Company
- Toray Industries, Inc
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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